12 Units | 485 SW 4th Avenue, Homestead, FL 33030...Along with the current investment in Downtown...

12 Units | 485 SW 4th Avenue, Homestead, FL 33030

Exclusively Listed By:Sam Mekras

Investment AssociateDirect: 786.671.0154

[email protected]

MSP Group LLC | 7480 Bird Road, PH 830, Miami, FL 33155 | www.MSPGroup.com|2 Follow Us


Table of Contents Confidentiality Disclaimer

This is a confidential Offering Memorandum intended solely for your limited use and benefit in de-termining whether you desire to express further interest into the acquisition of the Subject Property. This Offering Memorandum contains selected information pertaining to the Property and does not purport to be a representation of state of affairs of the Owner or the Property, to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a pur-chase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition, and other factors beyond the control of the Owner or MSP Group ,LLC. Therefore, all projections, assumptions, and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approxima-tions. Additional information and an oppor-tunity to inspect the Property will be made available to all interested and qualified prospective purchasers. Neither the Owner or MSP Group, LLC. , nor any of their respective directors, offi-cers, affiliates or representatives are making any representation or warranty, expressed or im-plied, as to the accuracy or completeness of this Offering Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Offering Memorandum or use of its contents; and you are to rely solely on your own inves-tigations and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Offering Mem-orandum. The Owner shall have no legal commit-ment or obligation to any entity review-ing this Offering Memoran-dum or making an offer to purchase the Prop-erty unless and un-til written agreement(s) for the purchase of the Property have been fully executed, delivered, and approved by the Owner and any obligations therein have been satisfied or waived. By receipt of the Offering Memorandum, you agree that this Offering Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Offering Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or MSP Group, LLC. Furthermore , you agree not to use this Offering Mem-oran-dum or any of its con-tents in a manner detrimental to the interest of the Owner or MSP Group, LLC. In this Offering Memorandum, certain documents, including leases and other materi-als, are de-scribed in summary form. These summaries do not purport to be complete nor necessarily accu-rate descriptions of the full agreements referenced. Interested parties are so advised and expect-ed to review all such summaries and other documents of whatever nature independently and not to rely on `the contents of this Offering Memoran-dum in any manner.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MSP Group, LLC AGENT FOR MORE DETAILS

Property Description................................................................................

Financial Analysis.....................................................................................

Sales Comparables..................................................................................

Rent comparables....................................................................................

About MSP Group....................................................................................

MSP Group Deals.....................................................................................

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17

22

28

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Property Description



Property Description

More Details

The 12 units are made up of all efficiently laid out 1 bedroom 1 bathroom units that average 403 SF. 485 SW 4th Avenue was constructed of concrete block with flat concrete roofs. The roof covering was replaced in the mid to end of 2018. The property has been well maintained and is up to date with its 40 year recertification through the City of Homestead. 485 SW 4th Ave units provide essential workforce housing in a high occupancy market. Area rents seem to be continually increasing as the demand for affordable housing expands throughout South Florida.

The property is conveniently located near US1 and the Florida Turnpike, two of Miami-Dade County’s main north/south arteries. It is also located blocks away from Downtown Homestead which is enjoying large amounts of new investments that include a brand new Police Station, City Hall, the reopening of the historic Seminole Theatre and the 65,000 SF Homestead Station that had the first phase just open, which will include a movie theater, bowling alley, large arcade, multiple dinning and retail options. This expansion will bring new amenities and create new employment opportunities in the immediate area. The new Homestead Station development is within walking distance to the property, less than 0.6 Miles from 485 SW 4th Ave. City officials are also planning on adding a Bus Rapid Transit System based out of Homestead Station by 2021. This will help reduce transit time for residents commuting to work in central Miami. Along with the current investment in Downtown Homestead a new Campus for Miami-Dade College with a student entertainment center and a residential park with interactive games and the ability to host special events are in the works.

485 SW 4th Avenue is located in an IRS Designated Opportunity Zone. These were created in the Tax Cuts and Jobs Act. The designated properties allow for preferential tax

treatment to help spur investment in low income communities.

Address:City, State Zip:

County:Folio:Units:

Total Square Feet:Year Built:

Lot Size (SF):# of Buildings:

# of Stories:Framing:

Exterior Wall:Roof Structure:Roof Covering:

HVAC:

485 SW 4th AvenueHomestead, FL 33030Miami-Dade10-7813-043-0280124,832 SF19565,206 SF12Concrete BlockPainted StuccoFlat ConcreteBuilt UpWall AC



Economic Drivers

Homestead HospitalBaptist Health South Florida’s Homestead Hospital was built in 2007 at a cost of approximately $135-million. It has 142 full-service beds and the latest technology and a 23-bed rehabilitation facility is in the development pipeline at the Homestead location. • Largest healthcare organization in the region • 11 hospitals • 23,000 employees • 4,000+ physicians • 100+ outpatient centers, urgent care facilities and physician practicesSource: Baptisthealth.net

Homestead Air Reserve BaseHomestead Air Reserve Base has fueled economic growth in South Miami-Dade County for de-cades, dating back to the Homestead Army Air Field days in the 1940s. • Generating over $331 million into the local economy in fiscal year 2018 - a 50 percent increase since 2008 • The base’s total economic impact has doubled since 2003 • Homestead ARB’s total payroll for FY 2018 is in excess of $99 million • The estimated number of indirect jobs created is 837

Source: homestead.afrc.af.mil/about-us/fact-sheets

Homestead SpeedwaySince 2002, Homestead-Miami Speedway has been the culmination of championship dreams for many drivers on the NASCAR circuit; having hosted the season-ending Ford Championship race weekend for about the last 15 years. • Each year, Homestead-Miami Speedway generates over $301 million of direct and indirect economic impact on Miami-Dade County • The Speedway has created more than 3,100 permanent jobs • Attendees at Ford Championship Weekend come from more than 30 foreign countries and all 50 states • Homestead-Miami Speedway is utilized almost 300 days out of the yearSource: homesteadmiamispeedway.com



Homestead News

New Mobility world coming to South Dade Transitway

“The estimated $300 million project – which includes building 14

weather-controlled BRT stations with crossing gate arms and outfitting 45 intersections and traffic signal

preemption...”

City of Homestead to Celebrate Grand Opening of

Homestead Station“Movies, Bowling, and

Transit Center Coming to Down-town Homestead”.

http://www.southdadenewsleader.com/news/city-of-homestead-to-celebrate-grand-opening-of-homestead-station/

Homestead shopping center sells for $62M

“A partnership between CREC Capital, MMG Equity Partners and Highline

Real Estate Capital paid $62.2 million for one of the largest shopping centers

in south Miami-Dade County”.

https://therealdeal.com/miami/2019/06/05/homestead-shopping-center-sells-for-62m/?utm_source=internal&utm_me-

Auto magnate sells a Home-stead dealership for $19M

“Auto magnate Terry Taylor sold a new dealership in Homestead to Bomnin

Auto Group for $19 million”.

https://therealdeal.com/miami/2018/03/12/investors-pick-up-sites-in-allapattah-and-miami-river/

Lennar launches sales, breaks ground on new community in south

Miami-Dade

https://therealdeal.com/miami/2019/05/17/lennar-launches-sales-breaks-ground-on-new-community-in-south-miami-dade/

https://therealdeal.com/miami/2019/08/30/homebuilder-dr-horton-pays-12m-for-25-acres-in-florida-city/

Lennar picks up land assemblage in Homestead

“Lennar Corp. paid $22.1 million for roughly 85 acres in Homestead as it

continues its strategy of buying land in south Miami-Dade County”.

https://therealdeal.com/miami/2019/08/06/lennar-picks-up-nearly-80-acres-of-land-in-homestead/

“Homebuilders are targeting the area amid growing demand for starter homes”.

https://www.miamitodaynews.com/2019/10/01/new-mobility-world-coming-to-south-dade-transitway/

Homebuilder DR Horton pays $12M for 25 acres in Florida City

“Homebuilder D.R. Horton paid $11.5 mil-lion for 25.4-acres in Florida City as home-

builders continue to push south and buy land in southern Miami-Dade County”.



Homestead News

Homestead mobile home park sells for $22M

“Investors are buying mobile home communi-ties in South Florida and redeveloping them

as land becomes more scarce”.

Mayor’s son has plan for county land: a $300 million ‘micro’ steel mill in Home-

stead“Micro mills rely on local markets to remain viable, and can undercut far-off competitors by saving on the transportation

costs needed to ship in steel products. That could make Homestead-made steel attractive to Latin American importers

using PortMiami.stead.”.

https://www.miamiherald.com/news/local/commu-nity/miami-dade/article229956949.html?article_bff723d6-f13a-11e9-834e-b7e4e78d903a.html

FPL buys 109 acres near Homestead for natural gas facility

“FPL, a subsidiary of NextEra Energy, bought the two parcels in south Miami-Dade County for nearly

$90,000 per acre”.

https://therealdeal.com/miami/2019/09/11/fpl-buys-109-acres-near-homestead-for-natural-gas-

Bronfman scion buys Homestead affordable housing complex

https://therealdeal.com/miami/2019/04/22/bronfman-sci-on-buys-homestead-affordable-housing-complex/

https://therealdeal.com/miami/2019/07/05/avanti-way-ac-quires-homestead-brokerage-hires-new-director/

“A company tied to a member of the wealthy Bronfman family bought a 112-unit affordable apartment complex in Homestead for $12 mil-

lion, signaling investors’ growing interest in south Miami-Dade County”.

https://therealdeal.com/miami/2019/10/25/home-stead-mobile-home-park-sells-for-22m/

Avanti Way acquires Homestead broker-age, hires new director

“Avanti Way Realty, a Doral-based broker-age with nearly 800 agents in Miami-Dade, acquired a Homestead agency and hired a new director of strategy and innovation”.

Homestead-Miami Speedway to Unveil First Ever Infield Beach

“The Infield Beach Party is the only ticketed beach area in motorsports, and is also the first

of its kind across all sporting venues around the country.”.

https://www.homesteadmiamispeedway.com/Articles/2019/08/Infield-Beach-Party.aspx



SW 4th Avenue

SW 4th Street

485 SW 4th Avenue



SW 4th Avenue

485 SW 4th Avenue

Homestead Station0.6 Miles from Subject

New City Hall

New Police Station

South Dade Busway



SW 4th Avenue

485 SW 4th Avenue

South Dade Busway

SW 4th Street



Financial Analysis



Unit Mix

Wtd Average Rent SF Rent Rent SF Rent Rent SF PF Growth$750 - $800 $796 $1.98 $800 $1.99 $900 $2.24 13.09%

$796 $1.98 $800 $1.99 $900 $2.24 13.09%

Current Monthly

Potential Rent

Pro Forma Monthly

Potential Rent$9,550 $10,800

Current Annual

Potential Rent

Pro Forma Annual

Potential Rent$114,600 $129,600

12 4,832

Current Market# of Units Unit Type SF Rent Range

12 4031 Bed 1 Bath

Pro Forma

1 Bed 1 Bath, 100%

1 Bed 1 Bath



Income Expense

List Price$/Unit

Down Payment: 20% $185,000 $/SFLoan Amount: 80% $740,000Interest Rate: 4.25% Cap RateAmortization: 30 Years DSCR/Debt Yield 1.65 9.72% 1.96 11.55%

Leveraged ReturnTotal Return

% Per Unit Per Unit Pro Forma$9,600 $10,800 $129,600

-0.52% ($50) $0 $0

$9,550 $10,800 $129,600-5.00% ($478) ($540) ($6,480)

$9,073 $10,260 $123,120

4.74% $430 $430 $5,1637.10% $644 $644 $7,7316.34% $575 $575 $6,9005.51% $500 $500 $6,0000.83% $75 $75 $9001.65% $150 $150 $1,8005.00% $454 $513 $6,1562.76% $250 $250 $3,000

33.93% $3,078 $3,138 $37,650

$5,994 $7,122 $85,470

DSCR 1.65 DSCR 1.96 $43,68415.27% 22.59% $41,785

$12,47522.01% 29.33% $54,261

-5.00%

30.58%

2.44%5.00%1.46%0.73%4.87%5.60%6.28%4.19%

0.00%

%

($5,730)$114,600

$6,900$7,731$5,163

$108,870

$3,000$5,444$1,800$900

$6,000

$36,938

$40,723$12,475$28,248$43,684

$71,932

$925,000$77,083

$191

15.27%

7.78% 9.24%

22.59%

Current Pro Forma

Total Return

ManagementReserves & Replacements

Total Expenses

Net Operating Income (NOI)

Debt ServiceLeveraged ReturnPrincipal Paydown

General and Administrative

Gross Potential Income (GPI)Vacancy

Effective Gross IncomeExpenses

TaxesInsurance

Water & ElectricityRepairs and Maintenance

Contract Services

22.01%

Loan Assumptions

IncomeGross Potential Rent (GPR)

Loss to Lease

29.62%

($600)$115,200Current



Sales Comparables



Sales Map

1453 NW 2nd Avenue

1405 NW 2nd Court

441 NW 12th Street

848 SW 5th Street

1.

2.

3.

4.

485 SW 4th Avenue

Legend

3

2

4

1



Sales Graphs

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

485 SW 4th Avenue 1453 NW 2nd Avenue 1405 NW 2nd Court 441 NW 12th Street 848 SW 5th Street

Price Per Unit

$77,250Average

$0

$50

$100

$150

$200

$250

485 SW 4th Avenue 1453 NW 2nd Avenue 1405 NW 2nd Court 441 NW 12th Street 848 SW 5th Street

Price Per SF

$170.18Average



Sales Comparables

Subject

Sales Comparable 2

Sales Comparable 1

Sales Comparable 3

Price:Units:

Sale Date:

Price:Units:

Sale Date:

Price:Units:

Sale Date:

$925,00012On Market

$600,00087/11/2019

$617,00088/30/2019

Year Built:Price per Unit:

Price per SF:


Price per SF:


Price per SF:

Property:

Property:

Property:

1956$77,083$191

1956$75,000$162

1957$77,125$179

485 SW 4th AvenueHomestead, FL 33030

1405 NW 2nd CourtFlorida City, FL 33034

1453 NW 2nd Avenue Florida City, FL 33034

Comments:

Comments:

Comments: Rent at time of sale were $800 and the owner was responsible for all utilities.

Unit Type1 Bed 1 Bath

Total:


Total:

Unit TypeStudios

Total:

#12

12

#8

8

#8

8

SF403

4,832

SF464

3,708

SF431

431

$555,00081/24/2019


Price per SF:

1957$69,375$184

441 NW 12th StreetFlorida City, FL 33034

Comments: Property was sold with 5 vacant units requiring renovation to be rent ready.


Total:

#8

5

Avg SF377

3,014

Property:

Price:Units:

Sale Date:



Sales Comparables

Sales Comparable 4

Sales Comparable 6

Sales Comparable 5

Price:Units:

Sale Date:

Price:Units:

Sale Date:

Price:Units:

Sale Date:

$525,00061/29/2019

$1,250,000165/2/2019


Price per SF:


Price per SF:


Price per SF:

Property:

Property:

Property:

1958$87,500$156

1958$87,500$156

1956$78,125$129

848 SW 5th StreetHomestead, FL 33030

848 SW 5th StreetHomestead, FL 33030


Comments:

Comments: All 2 and 3 bedroom units with central air conditioning.

Comments: Property sold by Sam Mekras of MSP Group LLC.

Unit Type2 Bed 1 Bath3 Bed 1 Bath

Total:


Total:


Total:

#42

6

#42

8

#16

16

Avg SFN/AN/A

3,366

Avg SFN/AN/A

3,366

Avg SF607

9,708

Sales Comparable 7

Price:Units:

Sale Date:

$555,0008Under contract


Price per SF:

Property:

1957$69,375$184

441 NW 12th StreetFlorida City, FL 33034

Comments: Property is under contract with Sam Me-kras of MSP Group LLC.


Total:

#8

5

Avg SF377

3,014$525,00061/29/2019



Rent Comparables



Rent Map

436 SW 8th Avenue

525 SW 1st Avenue

1200 SW 3rd Street

130-160 SW 4th Avenue

419 SW 2nd Avenue

1.

2.

3.

4.

5.

485 SW 4th Avenue

Legend

4

5

3

1

2



Rent Graphs

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

485 SW 4thAvenue

485 SW 4thAvenue

436 SW 8thAvenue

525 SW 1stAvenue

1200 SW 3rdStreet

130-160 SW4th Avenue

419 SW 2ndAvenue

Occupancy Rate

97%Average

0

100

200

300

400

500

600

700

800

485 SW 4thAvenue

485 SW 4thAvenue

436 SW 8thAvenue

525 SW 1stAvenue

1200 SW 3rdStreet


419 SW 2ndAvenue

Average Unit Size

512Average

$0

$200

$400

$600

$800

$1,000

$1,200

485 SW 4thAvenue

485 SW 4thAvenue

436 SW 8thAvenue

525 SW 1stAvenue

1200 SW 3rdStreet


419 SW 2ndAvenue

Average Rent

$890Average

$0

$1

$1

$2

$2

$3

$3

$4

$4

485 SW 4thAvenue

485 SW 4thAvenue

436 SW 8thAvenue

525 SW 1stAvenue

1200 SW 3rdStreet


419 SW 2ndAvenue

Average Rent SF

$2.01Average



Rent Sort

Unit Type 1 Unit Type 2Property Name Unit Type # SF Rent Rent/SF Property Name Unit Type # SF Rent Rent/SF525 SW 1st Avenue 1 Bed 1 Bath 12 636 $950 $1.49 1200 SW 3rd Street 3 Bed 2 Bath 6 1382 $1,300 $0.94130-160 SW 4th Avenue 1 Bed 1 Bath 24 N/A $925 N/A 1200 SW 3rd Street 2 Bed 2 Bath 7 836 $1,150 $1.38485 SW 4th Avenue PF 1 Bed 1 Bath 12 403 $900 $2.24 130-160 SW 4th Avenue 2 Bed 1 Bath 16 N/A $1,025 N/A1200 SW 3rd Street 1 Bed 1 Bath 60 540 $875 $1.62 1,109 $1,158 $1.16436 SW 8th Avenue 1 Bed 1 Bath 12 366 $850 $2.32485 SW 4th Avenue 1 Bed 1 Bath 12 403 $796 $1.98419 SW 2nd Avenue Studios 22 223 $750 $3.36

428 $864 $2.17Average

Average



Rent Comparables

Subject Rent Comparable 1 Rent Comparable 2Subject


Total Units: 12Occupancy: 95%Year built: 1956

Rent includes water. Below is average rent as tenants range from $800 to $900.


Total/Average

#12

12

Avg SF366

366

Rent$850

$850

Rent/SF$2.32

$2.32

525 SW 1st AvenueHomestead, FL 33030


Rent includes water. Below is average rent tenants range from $900 to $1,000 mostly section 8 tenants.


Total/Average

#12

12

Avg SF636

636

Rent$950

$950

Rent/SF$1.49

$1.49



Rent includes water.


Total/Average

#12

12

Avg SF403

403

Rent$796

$796

Rent/SF$1.98

$1.98



130 SW 4th Ave - Front

130 SW 4th Ave - Rear

Rent Comparables

Rent Comparable 3 Rent Comparable 4 Rent Comparable 5

1200 SW 3rd StreetHomestead, FL 33030


Rent includes water. Below are current asking rents with substantial number of units leased at this amount.

Unit Type1 Bed 1 Bath2 Bed 2 Bath3 Bed 2 Bath

Total/Average

#6076

73

Avg SF540836

1382

638

Rent$875

$1,150$1,300

$936

Rent/SF$1.62$1.38$0.94

$1.47

130-160 SW 4th AvenueHomestead, FL 33030

419 SW 2nd AvenueHomestead, FL 33030



Rent includes water. Below are current asking rents with substantial number of units leased at this amount.

Rent includes water.

Unit TypeStudios

Total/Average

#22

22

Avg SF223

696

Rent$750

$750

Rent/SF$3.36

$3.36

Avg SFN/AN/A

696

Rent$925

$1,025

$965

Rent/SFN/AN/A

$1.39


Total/Average

#2416

40



About MSP Group



About MSP Group

Integrity | Service | ResultsTo date, the duo of Deme Mekras and Elliot Shainberg have closed nearly $700,000,000 and more than 10,000 units in their careers. Deme and Elliot each began their professional careers in different parts of the country and in different industries, but both began in sales. They learned that hard work and tenacity lead to results. While Deme was selling telecommunications services to small businesses in Miami, Elliot sold payroll solutions to small and medium sized businesses in New York City. Both recent college gradu-ates, they spent their days pounding the phones, beating the pavement and literally knocking on doors.

After proving themselves in competitive markets, they turned their attention to real estate, which quickly became their passion. When they each entered the real estate business, neither knew the other existed, but both were hun-gry to learn and develop. This ambition and thirst for knowledge lead them to entry level positions at Marcus & Millichap, one of the world’s largest commercial brokerage houses. Elliot started with Marcus & Millichap in New York and Deme in Ft. Lauderdale. Shortly after marrying his wife, a South Florida native, Elliot moved to South Florida and joined the Ft. Lauderdale office. Deme and Elliot spent the next 10 years at the firm, earning numer-

ous sales awards, receiving several promotions and helped found the Miami office prior to their departure in 2012.

In late 2012, Deme was recruited at the partner level to join Franklin Street, based in Tampa. Deme agreed to open the firm’s Miami office and did so by bringing his team of 4 professionals over with him. Over the next two years, Deme and Elliot established the firm’s brand in the South Florida multifamily sales arena by closing more than $150,000,000 in deals. Despite their suc-cess at Franklin Street, the time had come for them to spread their wings and launch their own enterprise. In 2015, Deme and Elliot founded MSP Group and were off to the races.

They set out to make MSP Group the most trusted brand in South Florida commercial real estate. To accomplish their mission, they needed a plat-form that would allow them to truly serve their clients, free from conflicting corporate agendas and toxic work environments. Having left all of the in-fighting, office politics and bureaucracy behind, Deme and Elliot were free to focus on what they do best…Delivering best-in-class results for their clients!

MSP Group LLC is South Florida’s Premier Commercial Real Estate Brokerage House.



Our Team

Deme MekrasCEO, Managing Partner

Cristy FranyieTransaction and Marketing Coordinator

Sam MekrasInvestment Associate

Elliot ShainbergManaging Partner

Eddie BustamanteFinancial Analyst



Team Biographies

Deme is the visionary and Chief Executive Officer at MSP Group. He is an expert in the multifamily arena and has closed nearly 10,000 units in his career as well as numerous commercial proper-ties and developable land. A dedicated specialist, Deme has a firm command over all aspects of the multifamily business and enjoys a stellar reputation in the market.

A Miami native, Deme grew up in the areas of Coral Gables and Coconut Grove. He attended Ransom Everglades middle and high schools before graduating from Coral Gables Senior High. He then attended Southern Methodist University (SMU) where he earned his Bachelors in Business Administration, majoring in Organiza-tional Behavior and Business Policy with a double minor in Span-ish and Latin American Studies. Deme is fluent in Spanish which vastly enhances his relationship with his Latin American clientele.

After finishing at SMU in Dallas, Deme returned home to Miami to begin his professional career. He gained valuable experience in a variety of industries ranging from aviation to telecom. During his time as a salesperson in the telecom industry, Deme’s determina-tion and tenacity made him a consistent performer. His last sales position in the tech world was at MCI/Worldcom. Fortunately, he had earned his salespersons license in 2001 and closed his first commercial real estate transaction just as the dot com crash was unfolding.

Having closed the telecom chapter of his career, Deme pursued his calling in the real estate business. After a brief stint at CBRE, he joined the ranks at Marcus & Millichap in Ft. Lauderdale, where he earned the esteemed Rookie of the Year award in 2003. Later he became a founding member of the firm’s Miami office which opened in 2005. Prior to his departure from Marcus & Millichap in 2012, Deme was recognized by the firm numerous times for his performance, including receiving the prestigious National Sales Achievement Award multiple times and earning the title of Vice President of Investment Sales.

He was pulled away from Marcus & Millichap in late 2012 after being recruited at the partner level to join Franklin Street. Deme brought his entire team with him and opened Franklin Street’s Mi-ami office. Over the next 2 years, they put the previously un-recog-nized brand on the map in South Florida by closing $150,000,000 in deals under the Franklin Street flag.

An entrepreneur at heart, going out on his own was a natural evolution for Deme. In March of 2015, Deme and co-founder, Elliot Shainberg, launched MSP Group. Through their hard work and an unwavering commitment to their founding principles, the company surpassed $100,000,000 in sales and closed over 900 units in the first full calendar year; and the rest is history…in the making!

Southern Methodist University• BBA in Organizational Behavior and Business Policy, 1998• Double Minor Spanish and Latin American Studies• Licensed Real Estate Broker - Florida

• Surpassed $600 Million in Closed Deals• Nearly 10,000 units Closed• Power Leader - South Florida Business Journal, 2014• Sales Achievement Award - Franklin Street, 2014• Company Sales Plaque—Marcus & Millichap, 2005,2006, 2012• Seven-Figure Club—Marcus & Millichap, 2009-2012

Deme Mekras - CEO, Managing Partner

Education Sales Achievements / Awards

Deme MekrasCEO, Managing Partner

(786) 208-2684 – Mobile(786) 671-0149 – Direct

[email protected]



Team Biographies

Elliot is a Co-Founder and Managing Partner of MSP Group. He has been in the multifamily business in South FL since late 2003 and has closed on the sale of nearly 7,000 multifamily and frac-tured condominium units in his career. Dedicat-ed to maximum performance for their clients, Elliot and his business partner Deme Mekras, have built a reputation on putting their Clients’ need first and foremost while being aggressive and creative deal makers. A Los Angeles, California native, Elliot also spent time living in the New York City area prior to moving to South Florida with his wife in 2003. He attended Yeshiva University in New York City where he earned his Bachelor degree, majoring in Political Science.

Prior to getting into the real estate business Elliot received multi-ple sales achievement awards selling payroll related services for Compupay in Midtown Manhattan from 1999 to 2002. In 2003 and while still in New York, he entered the real estate industry and gained valuable experience in property management and then multifamily investment sales for Marcus and Millichap. Elliot transferred to the firm’s Ft. Lauderdale office in 2003, where he focused on multifamily sales in Dade and Broward counties. Later he became a founding member of the firm’s Miami office which opened in 2005 and was the firm’s top selling multifamily agent in their Miami office during the economic downturn of 2009, again proving his mettle.

He was pulled away from Marcus & Millichap in late 2012 after be-ing recruited with Deme Mekras to join Franklin Street. Elliot and Deme put the previously unrecognized brand on the map in South Florida by closing $150,000,000 in deals under the Franklin Street flag between January 2013 and March of 2015.

With 12 years of experience under his belt from large and mid-size commercial real estate firms the next logical step for Elliot’s career was to co-found MSP Group, which he did in 2015. Since opening MSP Group, Elliot and Deme have flourished and repeatedly take business from national and global competitors by cherishing their client relationships and leveraging their deep market knowledge. Their work ethic and commitment to their clients is punctuated by the more than $100,000,000 and 900 units in closed deals achieved in the first full calendar year since MSP Group launched in 2015. The future is bright at MSP Group as the firm continues to build on its core principals of success!

Yeshiva University• BA in Political Science• Licensed Real Estate Salesperson - Florida

• Surpassed $370 Million in career closings• Nearly 7,000 Units Closed• Sales Achievement Award - Franklin Street, 2014• #1 Agent Marcus & Millichap Miami Office—2009

Education Sales Achievements / Awards

Elliot ShainbergManaging Partner

(917) 992-6189 – Mobile(786) 671-0151 – Direct

[email protected]

Elliot Shainberg - Managing Partner



Team Biographies

In addition to being a founding member of MSP Group, Sam was instrumental in developing MSP Group’s proprietary financial mod-els, proposal templates and marketing materials. As MSP Group has progressed out of the start-up phase, Sam is an integral part of the MSP Group sales team, focusing on multifamily properties between 10 and 50 units in South Florida.

While Sam was born in Durham, North Carolina, he returned to his family roots, moving to Miami just before Hurricane Andrew in 1992. Both of Sam’s parents being Miami natives and strong family ties brought them back to Miami. Sam grew up in the South Miami area, attending Kenwood K-8 Center and later graduated from Florida Christian School.

He then went on to study at Florida International University (FIU) where he earned a Bachelors of Business Administration, majoring in Finance. Sam completed his post graduate studies at FIU and obtained a Master of Science in Finance; earning a 3.8 grade point average while shouldering a full time work load as a Senior Analyst at Franklin Street.

Prior to Franklin Street, Sam began his real estate career with a brief stint at Marcus & Millichap, assisting MSP Group CEO, Deme Mekras in all business functions. Sam logged a combined 3 years at Marcus & Millichap and Franklin Street, where he gained valu-able experience, underwriting close to $500,000,000 of multifamily properties and helping to fa-cilitate the teams’ pipeline of closings.

Sam’s integrity, knowledge of finance, mastery of Microsoft Excel and rigorous work ethic make him an invaluable asset to MSP Group.

Florida International University• Master Science of Finance, 2014• BBA in Finance, 2013• Licensed Real Estate Salesperson - Florida

Education

Sam MekrasInvestment Associate

(786) 417-3709 – Mobile(786) 671-0154 – Direct

[email protected]

Sam Mekras - Investment Associate



Our Advantage

Integrity | Service | Results Sales Volume

Specialization | Expert Analysis

The three pillars of INTEGRITY | SERVICE | RESULTS are the foundation on which MSP Group was born and the philosophy that every member of our team is committed to. MSP Group’s success is obviously not due to our size, but rather an unwavering commitment to our mantra that “the Client’s agenda is the ONLY agenda.”

MSP Group founders, Deme Mekras and Elliot Shainberg, share their deep experience, market knowledge and industry relationships with their clients. Over the last 14 years, they have closed more than $700,000,000 and 10,000 units in multifamily sales.

MSP Group Clients benefit from expert valuations because we are multifamily specialists. We are acutely aware of market trends, submarket nuances and most importantly, current buyer demand. Our extensive network of active buy-ers, deep relationships with local, regional and national lenders all contribute to our ability to get even the toughest of deals closed.

$700

,000

,000

10,0

00

$ Volume Closed # of Units Sold



Lender Network

Unlike Our Competitors Msp Group’s Wide Ranging Investor Pool

We pride ourselves on demonstrating genuine care about our Clients’ individ-ual circumstances and objectives. Whether you are a private investor or a billion dollar fund manager, MSP has the knowledge and experience to ser-vice your business. Because our approach is a holistic one, we understand that “sell now” isn’t always the best answer (when’s the last time you heard a broker say that!?!?).

MSP Group maintains relationships with many local, regional, and national lenders that play a critical role in the liquidity of the apartment market.

How We Get Maximum Results

Over the last 15 years MSP Group founders, Deme Mekras and Elliot Shain-berg, have closed more than $650,000,000 and 9,800 units in multifamily sales. MSP Group’s unmatched work ethic and experience consistently de-livers best-in-class results to our Clients. Tailoring eachmarketing campaign to the subject Property and specific Client needs, we cast as wide of a net as possible to ensure market exposure that spans the globe and leaves no stone unturned.

25% 56%

19%

Out of State Local

International



Global Reach

The client’s agendaIs the only agenda

MSP Group maintains relationships with many local, regional, and national lenders that play a critical role in the liquidity of the apartment market.

Client’s Agenda

We broadly expose our listings to the market and often proactively market to the outside brokerage community. Many of our competitors keep their inventory in house and don’t expose it to the broader market. Some of them will tell you they “cooperate”, but what they don’t tell you is that they make cooperating brokers jump through hoops and divulge personal information about their Buyer before releasing information about the opportunity. This tactic helps our competitors keep more Seller-paid commissions in the pockets of the listing broker, but this is at the expense of the very Client they are supposed to be serving! At MSP Group, the Client’s agenda is the ONLY Agenda!



Client’s Testimonials

Both Deme and Elliot are extremely diligent and professional and

know how to get deals closed.

Freddy SayeghFreshwater Group LLC

Their tenacity and commitment to their

client...

David S. AllenRealty Financial Partners

We wanted to thank you for your guidance, patience

and proffesionalism in getting the deal done.

Andrew GordonStratford Management

A testament to your determined,

professional effort for which I am grateful.

Gary A. Tave, P.E.Managing Member

Deme and his staff went far above and

beyond the call of duty.

Howard E. Kurzweil, ESQ

I could not imagine a better person to

deal with than Deme Mekras.

Carlos ToscaPalmCorp Development

They promised us more value and they delivered. Our experience working with the MSP Group has

been exceptional.Sebastian Barbagallo

B&L Management Group

Deme is a rarity on the South Florida Real

Estate scene.

Elizabeth SargentSouth Florida Living

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MSP Group Deals



Available Deals

Allapattah Development Site Miami

Units:102

Year Built:TBD

Price per Unit:$25,980

Price:$2,650,000

770 NE 123rd Street North Miami

Units:24

Price:$3,050,000

Infill Miami- Dade Site Opa-Locka

Acres:2.01

Year Built:TBD

Price per Acre:$870,647

Price:$1,750,000

Art Building West Palm Beach

Units:18

Year Built:1924


Price:$2,050,000

Rancho Luna Development Site Miami

Units:80

Year Built:TBD

Price per Acre:$28,125

Price:$2,250,000

CLOSED

UNDER

CONTRACT

UNDER

CONTRACT

CLOSEDYear Built:1953


Venice & Florence at Crystal Lakes Miami

Units:242

Year Built:2007-13


Price:44,700,000



Closed Deals

Avesta Portfolio Florida

Palm Terrace Hollywood

Hialeah Portfolio Hialeah

Sunset Palms Davie

Southwood Miami

Palm Gardens Wilton Manors

Units:2,199

Units:192

Units:161

Units:318

Units:144

Units:163

Year Built:Multiple

Year Built:1968

Year Built:1958-1968

Year Built:1975

Year Built:1979

Year Built:1969







Price:$81,363,000

Price:$19,550,000

Price:$14,100,000

Price:$38,500,000

Price:$14,185,000

Price:$14,100,000

CLOSEDCLOSED

CLOSED

CLOSED

CLOSED

CLOSED

*Partial list of closed deals



Closed Deals

Miller Lake Miami

Kimberly North Lauderdale

Grand Island II & III North Miami Beach

Vizcaya Villas Tamarac

Noden Miami

Units:78

Units:100

Units:110

Units:129

Units:94

Year Built:1970

Year Built:1960

Year Built:1959-69

Year Built:1990

Year Built:1968-70






Price:$12,450,000

Price:$11,900,000

Price:$11,000,000

Price:$12,350,000

Price:$11,400,000

CLOSEDCLOSED

CLOSED

CLOSEDCLOSED


Riverwalk II Homestead

Units:112

Year Built:1994


Price:$12,000,000

CLOSED



Closed Deals

1105 W 76th Street Hialeah

Sovereign Bank Portfolio Florida

Intermex Miami

Windward Lakes Pompano Beach

Sabal Pointe Condos Palm Springs

Units:76

Units:367

SF:25,420

Units:104

Units:117

Year Built:1968

Year Built:Multiple

Year Built:1994

Year Built:1992

Year Built:1973



Price per SF:$294



Price:$10,400,000

Price:$9,000,000

Price:$7,474,000

Price:$9,600,000

Price:$8,190,000

CLOSED

CLOSEDCLOSED

CLOSEDCLOSED


Monserratt Miami

Units:120

Year Built:2000


Price:$10,410,000

CLOSED



Closed Deals

Shady Oaks St. Petersburg

Miami D Miami Gardens

78 Unit Portfolio Miami Springs

Jaclyn Hialeah

Units:189

Units:112

Units:78

Units:72

Year Built:1972

Year Built:1972

Year Built:Multiple

Year Built:1970





Price:$7,100,000

Price:$6,050,000

Price:$6,300,000

Price:$6,050,000

CLOSED

CLOSED

CLOSEDCLOSED


Autumn Chase Condos Largo

Units:124

Year Built:1975


Price:$7,431,956

CLOSED

California Club Miami

Units:64

Year Built:1978


Price:$7,050,000

CLOSED



Closed Deals

Del Rio Miami

Crespi Waterfront Miami Beach

Greenview Tamarac Tamarac

Galaxy Miami

Units:77

Units:24

Units:129

Units:48

Year Built:1963

Year Built:1969

Year Built:1990

Year Built:1972





Price:$4,620,000

Price:$4,300,000

Price:$4,515,000

Price:$4,000,000

CLOSEDCLOSED

CLOSEDCLOSED

CLOSED

CLOSED


Continental Springs Miami Springs

Units:55

Year Built:1966


Price:$5,300,000

CLOSEDCapital Oaks Villas Tallahassee

Units:84

Year Built:1974


Price:$5,850,000

CLOSED

/ MSPGroup

P +1 (786) 671-0155MSP Group LLC | 7480 Bird Road, PH 830, Miami, FL 33155 | www.MSPGroup.com

E [email protected]| F +1 (786) 364-1577 |

12 Units | 485 SW 4th Avenue, Homestead, FL 33030...Along with the current investment in Downtown...

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